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Indian Oil launches methanol-blended petrol on pilot basis in Assam

Indian Oil Corp (IOC) rolled out M15 petrol -- 15 per cent blend of methanol with petrol -- on a pilot basis in Assam's Tinsukia district.

Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.

Teli said that blending fuel with methanol will provide respite from the rising prices.

Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co

After Reliance and Viacom18, Bodhi Tree Systems, a platform of James Murdoch's Lupa Systems and Uday Shankar, has announced a $600 million (over Rs 4,500 crore) investment in a strategic partnership with ALLEN Career Institute to build India's biggest test-prep company

The transaction is expected to close within three months and is subject to closing conditions and requisite approvals.

Biocon Biologics may close $3.34 billion Viatris deal in Q1

Biocon Biologics said it can close the transaction of $3.34 billion Viatris' biosimilar business acquisition by as early as this quarter, if it gets a nod from regulatory agencies.

Kiran Mazumdar-Shaw, chairperson of Biocon told ET that the components of financing the deal such as equity and debt were in place. “We have it all organised.. there is a huge interest, it is a very unique story, .. people are excited,” Mazumdar-Shaw said.

Adani plans $4bn foray into healthcare

The conglomerate owned by Gautam Adani is planning massive investments in the healthcare sector and may acquire large hospitals, diagnostic chains, and offline and digital pharmacies, among other assets, to get a foothold in the sector.

Wipro sees margin pressure over next few quarters as attrition rises

Indian IT services provider Wipro said on Friday it expects pressure on margins to continue over the next two to three quarters due to higher employee-related costs as attrition spikes and travel opens up.

"We are seeing slightly lower margins than the range we have seen in the past. There are some salary increases planned and certainly we have to watch travel carefully," said Wipro's Chief Financial Officer Jatin Dalal in an interview.

Vedanta says it's in talks to raise up to $3 bn debt in semiconductors push

India's Vedanta is in talks with banks to raise debt of $2.5-$3 billion to bolster its semiconductor and display manufacturing plans, as it races to become the country's first chipmaker, a top company official told Reuters on Saturday

The oil-to-metals conglomerate decided in February to diversify into chip manufacturing and formed a joint venture with Taiwan's Foxconn. It has a total planned investment outlay of $20 billion.

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